Funding you earn now, next payment 03:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against Extended+0.200%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.200%, 7d avg +0.111%
=Together, before fees+0.089%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.089% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.111%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BCH-USD | 266.34 | −0.0104 | get 0.0013% / 1h | 18m 47s | $116K | $953K | 25x |
| Short | Hyperliquid BCH | 266.87 | 0.0100 | get 0.0013% / 1h | 18m 47s | $5.7M | $4.7M | 10x |
Extended BCH-USD
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.84
- Price spread: +0.200% → +0.111%
- $8.9
- Slippage, 4 orders
- −$16.52
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $21.22
- Costs to cover
- 0.305%
- Break-even
- 3.5 days
Slippage from Extended: live order book, 44 min ago; Hyperliquid: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 44 min ago | 1.13 bp | 7.3 bp −$7 | 73.7 bp −$737 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.31 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
BCH on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.1324% | 8h | 266.49 | +0.058% | $2K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0454% | 8h | 266.58 | +0.091% | $775K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0429% | 8h | 266.68 | +0.129% | $4.9M | $6.6M | 50x | as long as short |
| SoDEX BCH-USD | −0.0306% | 1h | 266.62 | +0.106% | $2K | $8K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0132% | 8h | 266.66 | +0.123% | $389K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0128% | 1h | 266.55 | +0.080% | $224K | $1.8M | 50x | as long as short |
| Nado BCH-PERP | −0.0124% | 1h | 266.60 | +0.098% | $424K | $339K | 10x | as long as short |
| Binance BCHUSDT | −0.0105% | 8h | 266.49 | +0.058% | $72.5M | $213.4M | 75x | as long as short |
| MEXC BCH_USDT | −0.0105% | 8h | 266.90 | +0.212% | $70.4M | $7.0M | 200x | as long as short |
| Extended BCH-USDlong | −0.0104% | 1h | 266.34 | long leg | $116K | $953K | 25x |
SunX BCH-USDT
HTX BCH-USDT
Phemex BCHUSDT
SoDEX BCH-USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0101% | 8h | 266.70 | +0.137% | $8.3M | $13.3M | 75x | as long as short |
| Variational Omni BCH | −0.0099% | 8h | 266.80 | +0.174% | $82K | $201K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0066% | 8h | 266.40 | +0.024% | $25.2M | $74.3M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0066% | 8h | 266.61 | +0.103% | $8.6M | $7.1M | 75x | as long as short |
| Bitget BCHUSDT | −0.0063% | 8h | 266.36 | +0.009% | $19.2M | $28.1M | 75x | as long as short |
| Bybit BCHUSDT | −0.0040% | 8h | 266.45 | +0.043% | $39.3M | $30.8M | 75x | as long as short |
| BingX BCH-USDT | −0.0036% | 8h | 266.52 | +0.069% | — | $32.1M | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 266.90 | +0.210% | $856K | $3.0M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0009% | 1h | 266.78 | +0.166% | $446K | $331K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 266.83 | +0.186% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.76 | +0.160% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.78 | +0.167% | $1.1M | $10.2M | 2.7x | as long as short |
| ApeX Omni BCHUSDT | +0.0008% | 1h | 266.95 | +0.230% | $97K | $227K | 50x | as long as short |
| BloFin BCH-USDT | +0.0015% | 8h | 266.62 | +0.106% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 266.60 | +0.097% | $162K | $321K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.451% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 266.62 | +0.106% | $2K | $176 | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.68 | +0.129% | $365K | $482K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 266.87 | +0.200% | $5.7M | $4.7M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 266.68 | +0.129% | $169K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.86 | +0.197% | $19K | $290K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0357% / S −0.0525% | 1h | 266.92 | +0.217% | $25K | — | 100x | as long as short |
Gate BCH_USDT
Variational Omni BCH
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Bitget BCHUSDT
Bybit BCHUSDT
BingX BCH-USDT
Kraken Futures PF_BCHUSD
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
ApeX Omni BCHUSDT
BloFin BCH-USDT
Pacifica BCH
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Lighter BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]